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Nov 8, 2012 12:00pm PST
may give a big boost to the bay area economy bringing thousands of jobs to the tri-valley area. cbs 5 reporter cate caugiran shows us the grand opening of the paragon outlets in livermore. they promise deals for their customers. >> 3,2, 1, whoo! >> reporter: with the pop of champagne and blast of confetti, the city of livermore welcomed its newest economic hub. >> we have 543,000 square feet of retail that's opening up really in the middle of the worst recession in the post-war era. >> reporter: the new outlets will bring a boost to the city. it will add $1 million in new revenue and bring more than 2,000 permanent jobs plus 1500 seasonal jobs. >> there really will be more here. we have great dining, people can come out in the mornings to go shopping to the wineries in the afternoon and then go into our downtown for dinner. >> reporter: as soon as the shops open, so did the cash registers. shoppers wasted no time taking advantage of the outlet's opening day. and with black friday just two weeks away, shoppers are hungry for deals closer to home. >> i love to shop. and to have everythi
Nov 9, 2012 12:00pm PST
economy back into a recession. both republicans and democrats emphasize compromise. >> this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. >> reporter: the cliff is automatic tax hikes that could kick in by the end of the year. the average american family will pay between 2 and $3000 in additional taxes. 12,000 government programs will see cults and unemployment is expected to -- cuts and unemployment is expected to climb back above 9%. >> the big problem is uncertainty. we need to see progress on the fiscal cliff. so long there is uncertainty that will hamper the economy. >> reporter: reported jobs here could expand by 7.2% between 2013 and 2014. this is because of solid job growth and technology in san jose and san francisco. >> if there is a potential recession on the horizon, companies are not going to expand. they're not going to spend the money on hiring new employees. they may cut more employees and we're back to square one in trying to get the economy going. >> reporter: but th
Search Results 0 to 1 of about 2